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Gelneren [198K]
3 years ago
12

Depreciation, a type of expense, is included in the ________ category.

Business
1 answer:
qaws [65]3 years ago
6 0

Answer:

General and administrative

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Generally, financial statements are the formally written records of the business and financial activities of a business entity or organization.

There are four (4) main types of financial statements and these are;

1. Balance sheet: it contains financial information about assets, liability, and equity.

2. Cash flow statement: it contains financial information about operating, financial and investing activities.

3. Income statement: it contains financial information about the income and expenses of an organization.

4. Statement of changes in equity: it contains financial information about profits or loss, dividends, etc.

Depreciation can be defined as a process in which the monetary or financial value with respect to an asset decrease or falls over time as a result of wear and tear.

This ultimately implies that, depreciation is a process which typically involves the general fall in the value of an asset such as currency, plant equipment or machinery etc over a specific period of time.

Basically, depreciation is a type of expense and it is included in the general and administrative (G&A) category of a balance sheet.

A general and administrative (G&A) can be defined as the expenditures that are required for the smooth running or operations of a business, which are not associated with the manufacturing of goods.

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Answer:

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Explanation:

6 0
3 years ago
Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their ad
hoa [83]

Answer:

$3,700

Explanation:

Given that

Adjusted gross income for the year 2019 = $415,300

Children ages = 4, 7, and 18 as dependents

Based on the given information, Russ and Linda's total child and other dependent credit for the year 2019 is

= (Maximum amount per qualifying child + non-refundable tax credit) - (deductible amount × age)

= ($2,000 × 2 + $500) - ($50 × 16)

= $4,500 - $800

= $3,700

After $400,000 the $50 is decreased for each and every $1,000

5 0
3 years ago
A company has break-even sales of $200,000. If the company expects sales of $500,000, the margin of safety i is________.
zhuklara [117]

Answer:

Margin of safety = $300000

Explanation:

The margin of safety is the amount or units in excess of the break even level of sales or units. It is the region beyond the break even point and represents the profit for the business. Any units in excess of the break even point represents the margin of safety.

The margin of safety for the given question with expected sales of $500000 and break even sales of $200000 can be calculated as follows,

Margin of safety = 500000 - 200000  =  $300000

7 0
3 years ago
You have $5,400 to deposit. If you deposit the money in a savings account at your local bank, you will earn 1.49% annual interes
likoan [24]
$5,400 × 0.0149 = $80.46
$5,400 × 0.0444 = $239.76

$239.76 − $80.46 = $159.30

$159.30 / ($5/withdrawal) = 31.86 withdrawals

Answer: a. 32
3 0
3 years ago
Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has a f
natulia [17]

Answer:

YTM = 4%

Explanation:

Company (Ticker) Coupon  Maturity   Last Price    Last Yield      EST Vol (000s)

IOU (IOU)                6       Apr 19, 2034  111.44              ?                     1,851

<u />

<u>Determine the yield to maturity </u>

YTM = Rate * 2

years to maturity = 2034 - 2018 = 16 years

NPER = 2 * 16 = 32

PMT = ( face value * coupon rate ) / 2 = ( 2000 * 6% ) / 2 = 60

price of coupon ( PV ) = 2000 * 111.44% = 2228.8

Rate = 2% ( excel function : RATE(32,60,-2228.8,2000)

hence YTM = 2% * 2 = 4%

6 0
3 years ago
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